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Strategies & Market Trends : Galapagos Islands

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To: Lost1 who wrote (7601)	10/17/2002 12:21:47 PM
From: Lost1	Read Replies (1) of 57110

RESEARCH ALERT-Bear Stearns ups QLogic profit view Thursday October 17, 11:58 am ET NEW YORK, Oct 17 (Reuters) - Bear Stearns said on Thursday it raised storage networking equipment maker QLogic Corp's (NasdaqNM:QLGC - News) 2003 and 2004 earnings estimates, citing the company's "superb" quarterly earnings that beat consensus expectations. Bear Stearns analyst Andrew Neff said in a research note that he raised 2003 earnings estimates to $1.09 from $1.00 and raised 2004 earnings estimates to $1.20 from $1.15. In the note, Neff said he sees QLogic "as the premier low-cost arms supplier to the server/storage vendors." Shares of QLogic closed Wednesday at $23.36.

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